[Peter Brandt Suggests Potential Short-Term Downside Risk for Gold] BlockBeats News, August 7: Renowned trader and chart analyst Peter Brandt shared a daily chart of gold futures, which shows that gold prices are in a long-term descending channel. The chart also features a gravestone image, accompanied by the caption 'Maybe,' implying the possibility of further downside risk or a potential end to the bull market. It is worth noting that two days ago, Peter Brandt expressed a short-term bullish outlook on gold, identifying a rebound target range of $4,517–$4,830. Known as a market wizard with 50 years of trading experience, Brandt is famous for his classic technical analysis and had previously accurately predicted the 2018 Bitcoin crash. [Original Link]